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XRP breaks above $3 on unexpected treasury announcement
Yahoo Finance· 2025-10-02 21:34
Group 1: XRP Market Performance - XRP surged to over $3, trading at $3.04 with a market cap of $181.8 billion and a 24-hour trading volume exceeding $6.1 billion, reflecting a 3.3% increase in the last 24 hours and nearly 10% rise this week [1] - The bullish sentiment for XRP is attributed to a treasury announcement made on October 1 [1] Group 2: VivoPower's Strategic Shift - VivoPower International announced an additional closing of its $19 million equity raise, priced at a premium of $6.05 per share, aimed at scaling its enterprise and XRP digital asset treasury operations [2] - VivoPower has transitioned into a "digital treasury" firm, positioning XRP at the center of its new strategy to enhance long-term ownership and investment in the XRP Ledger ecosystem [3] Group 3: Institutional Adoption and Market Credibility - The announcement marks a significant move for a Nasdaq-traded corporation to incorporate XRP as a core part of its money reserve policy, potentially enhancing XRP's credibility among institutional investors [4] - Strong messaging for institutional adoption and retail optimism are influencing XRP's near-term price action, with a focus on maintaining a price above $3 [6] Group 4: Technical Analysis - Technical analysis indicates caution, with XRP's rise aligning with Elliott Wave analysis and approaching Fibonacci extension levels of $2.99 to $3.00, suggesting a resistance area [5] - A strong close above $3 could lead to higher Fibonacci targets, with the current price nearly 20% away from its all-time high of $3.84 reached in January 2018 [6]
VivoPower Shares Rally 14% After Announcing $19 Million Equity Raise To Boost XRP Treasury — Stock Sees Slight Pullback Pre-Market - Vivopower Intl (NASDAQ:VVPR)
Benzinga· 2025-10-02 09:41
Core Viewpoint - VivoPower International PLC has raised $19 million through an equity offering to support its XRP treasury strategy, which has led to a recent surge in its stock price followed by a minor pullback in trading. Group 1: Equity Raise and Stock Performance - VivoPower completed a $19 million equity raise through an additional common stock offering priced at $6.05 per share [2] - Following the equity raise, the stock experienced a 14% increase during regular trading but fell 0.78% in after-hours trading [2][5] - Year-to-date, VivoPower's stock has surged 285% [5] Group 2: Cryptocurrency Strategy - The company has pivoted to a cryptocurrency treasury strategy, focusing on the acquisition and long-term holding of XRP, the third-largest cryptocurrency by market capitalization [3] - VivoPower aims to support the growth of the XRP Ledger as part of its strategy [3] Group 3: Ripple Labs Acquisition - In August, VivoPower announced the acquisition of $100 million in privately held shares of Ripple Labs, making it the only U.S.-listed company to provide exposure to Ripple [4]
VivoPower Shares Rally 14% After Announcing $19 Million Equity Raise To Boost XRP Treasury — Stock Sees Slight Pullback Pre-Market
Benzinga· 2025-10-02 09:41
Core Viewpoint - VivoPower International PLC has raised $19 million through an equity offering to support its XRP treasury strategy, which has led to a recent surge in its stock price followed by a minor pullback in trading. Group 1: Equity Raise and Stock Performance - VivoPower completed a $19 million equity raise through an additional common stock offering priced at $6.05 per share [2] - The stock experienced a 14% increase during Tuesday's trading session but fell 0.78% in after-hours trading [2][5] - Year-to-date, VivoPower's stock has surged 285% [5] Group 2: Cryptocurrency Strategy - The company has pivoted to a cryptocurrency treasury strategy, focusing on the acquisition and long-term holding of XRP, the third-largest cryptocurrency by market capitalization [3] - VivoPower aims to support the growth of the XRP Ledger as part of its strategy [3] Group 3: Ripple Labs Acquisition - In August, VivoPower announced the acquisition of $100 million in privately held shares of Ripple Labs, making it the only U.S.-listed company to provide exposure to Ripple [4]
X @Wu Blockchain
Wu Blockchain· 2025-10-02 01:44
Financial Strategy - VivoPower, a Nasdaq-listed company, completed a $19 million equity raise through a common stock offering [1] - The offering was priced at $6.05 per share [1] Digital Asset Treasury - The new capital will support VivoPower's digital asset treasury strategy [1] - This strategy includes the acquisition, management, and long-term holding of XRP [1]
VivoPower Closes Additional $19 Million Equity Raise Priced at $6.05 Per Share, a Premium to Market
Globenewswire· 2025-10-01 16:00
Core Insights - VivoPower International PLC has successfully closed an equity raising, issuing additional common shares at $6.05 per share, totaling approximately $19 million [1][2][4] Group 1: Equity Raising - The recent equity raise is in addition to a previously announced Regulation S offering led by His Royal Highness Prince Abdulaziz bin Turki bin Talal Al Saud [1][2] - The proceeds from this equity raise will be utilized to scale up the company's digital asset treasury strategy and to retire existing debt [1] Group 2: Company Overview - VivoPower is a sustainability-driven enterprise focused on a digital treasury transformation, particularly in acquiring and managing XRP digital assets [4][5] - The company operates globally, with a presence in regions including the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia [5] - VivoPower has two main business units: Tembo, which focuses on electric solutions for customized fleet applications, and Caret Digital, which is centered on renewable power use cases, including digital asset mining [5]
VivoPower Establishes South Korean Office and Appoints Local Representative Director
Globenewswire· 2025-09-29 13:15
Core Insights - VivoPower International PLC has established a South Korean office and appointed Mr. Chris Kim as the local representative director, demonstrating its commitment to the South Korean market [1][3] - South Korea holds a significant portion of the XRP circulating supply, amounting to $30 billion, which represents 20% of the total supply [1] - The company aims to build its XRP-focused digital asset treasury and decentralized finance solutions business unit in South Korea, leveraging the country's digital asset-friendly ecosystem [3][4] Company Overview - VivoPower is a sustainability-driven enterprise that focuses on the acquisition and management of XRP digital assets as part of a diversified digital treasury strategy [4] - The company operates globally, with a presence in regions including the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia [5] - VivoPower has two main business units: Tembo, which focuses on electric solutions for fleet applications, and Caret Digital, which is centered on renewable power use cases, including digital asset mining [5]
3 Crypto Stocks To Watch For The Last Week Of September
Yahoo Finance· 2025-09-22 15:11
Group 1: VivoPower International PLC (VVPR) - VivoPower International shares closed at $4.83, down 4.45% on the previous trading day, but could see gains this week due to developments in its crypto-forward strategy [1] - On September 18, VivoPower announced a partnership with Confirmo, enabling the processing of employee payments via stablecoins, which may enhance shareholder excitement and demand [2] - If demand increases, VVPR's stock could strengthen above $5.62 [2] Group 2: HIVE Digital Technologies Ltd. (HIVE) - HIVE shares closed at $3.79, down 1.3%, but may experience gains this week due to expansion in high-performance computing through its subsidiary BUZZ HPC [3] - On September 18, HIVE Digital announced the acquisition of a 7.2-megawatt data center site in the Greater Toronto Area, aimed at supporting AI workloads and providing colocation services [4] - HIVE could strengthen above $3.92 if buying activity accelerates, while a dip below $3.36 is possible if selling pressure increases [5][6] Group 3: Coinbase (COIN) - Coinbase shares fell by 0.20% to close at $342.46, but attention is warranted this week due to the CEO's ambitious plans for a "financial super app" that aims to replace traditional banking services with cryptocurrency technology [7]
VivoPower Partners with Confirmo to Offer Stablecoin Payments to its Employees and Vendors
Globenewswire· 2025-09-18 13:15
Core Insights - VivoPower International PLC has partnered with Confirmo to implement a stablecoin-based payment system for employee compensation, aiming for faster and lower-cost payouts [1][2][3] - The partnership aligns with VivoPower's digital asset strategy, which includes the use of blockchain technology beyond merely holding XRP [3][5] Company Overview - VivoPower is a sustainability-driven enterprise focused on digital treasury transformation, with a strategy centered on acquiring and managing XRP digital assets [5][6] - Confirmo, founded in 2014, serves over 500 clients and processes more than $60 million monthly, providing a stablecoin payment platform for various industries [4] Partnership Details - The partnership will allow VivoPower employees and contractors to receive payments in stablecoins, with options for conversion to fiat currencies like USD, EUR, or GBP [2][3] - Confirmo will enhance VivoPower's operational efficiency by providing role-based approvals, audit trails, and exportable reports [2] Industry Context - The collaboration addresses common issues faced by global enterprises, such as delays and high fees associated with traditional wire transfers, particularly in payroll [3] - The use of stablecoins is positioned as a mature solution for payment infrastructure, facilitating predictable and efficient cross-border settlements [2]
X @Wendy O
Wendy O· 2025-09-17 21:10
Treasury Strategy - VivoPower (VVPR) transitioned to an XRP-focused treasury strategy [1] - The company plans to build a low-cost XRP treasury, alongside Ripple Labs equity holdings [1] Mining Operations - VivoPower plans to expand its mining operations by acquiring extra mining rigs at bulk discounts [1] - The company intends to exchange mined tokens into XRP at up to a 65% discount based on current prices [1]
VivoPower to Procure XRP at up to 65% Discount by Exchanging Mined Tokens from Expanded Digital Asset Mining Fleet
Globenewswire· 2025-09-16 13:15
Core Insights - VivoPower International PLC is expanding its digital asset mining operations through its unit Caret Digital, having secured bulk discounts on mining rigs, which will enhance its proof of work mining capabilities [1][2] - The company aims to exchange mined tokens into XRP, achieving an effective 65% discount based on current market prices, as part of its dual-pronged treasury strategy [1][2] - VivoPower is transforming into an XRP-focused digital asset enterprise, emphasizing the acquisition and long-term holding of XRP assets and supporting decentralized finance infrastructure [3][4] Company Overview - VivoPower, founded in 2014 and listed on NASDAQ since 2016, operates globally across regions including the UK, Australia, North America, Europe, the Middle East, and Southeast Asia [4] - The company has two main business units: Tembo, which focuses on electric solutions for customized fleet applications, and Caret Digital, which is dedicated to renewable power use cases including digital asset mining [4]